28 Oct '13, 4am

3rd Quarter Stock Picks: Experts’ Picks

In terms of technical chart readings, Ho Bee Land , previous known as Ho Bee Investment, is well supported by an apparent uptrend line. Its 40-day moving average (MA), is also sloping upwards, indicating an uptrend potential. A resistance to reach out for would be around the $2.20 region, which was tested twice this year, while support is seen around the $1.90 region. On the fundamental front, the Metropolis commercial project (The Metropolis), which is also officially Ho Bee’s new headquarters have already as at 30 June 2013 seen a pre commitment lease level of more than 82 percent. The Metropolis will be fully completed in October 2013. Its acquisition of Rose Court office building in London, coupled with the completion of The Metropolis, is expected to see recurring rental income flowing into its coffers, which will underpin its bottom line for the next few years. As at...

Full article: http://thefinance.sg/2013/10/28/3rd-quarter-stock-picks-e...

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